The first-ever DHL Global Trade Barometer, an indicator of global trade developments calculated using Artificial Intelligence, 'Big Data' and predictive analytics, has assigned India the highest growth indices of the seven countries assessed due to strong and sustained increases in both air and ocean freight in and out of the country.

The country's trade in machinery and high-tech goods continued to underpin its growth, while increased imports of industrial raw materials pointed to an extended period of trade development for the nation.

 

"More than any of the world's largest economies, India's major industries have displayed levels of resilience and growth that will buoy business confidence in the short to medium term," said George Lawson, managing director, DHL Global Forwarding India.

 

"India's economy has built up terrific momentum in recent times: Since 2008, its GDP has risen every year to hit US$2.44 trillion last year, more than double the levels of a decade ago.”

 

 

The seven countries in the assessment were China, South Korea, Germany, India, Japan, the United Kingdom and the United States. Together, these countries account for 75 per cent of world trade.